UK

Banks will have more time to build up sufficient equity and debt for their minimum requirement for own funds and eligible liabilities (MREL), said the Bank of England.

Singapore Exchange has completed its takeover of the Baltic Exchange in London.

Derivatives markets across asset classes are projecting increased confidence of a Hillary Clinton win in Tuesday's US presidential election, but also revealing concern that volatility could then evaporate from markets for the rest of the year.

Four Masala bonds, totaling £600m ($751m), are expected to be issued in London in the next three months, UK prime minister Theresa May said in a press conference during a trade visit to India this week.

Russia plans to roll out a futures contract for crude oil by the end of this month, fulfilling a goal that has alluded the country for over 10 years but which the government believes will be a major step for its economy.

Three UK investment funds committed to the fight against cancer are coming together through a complex equity deal, to form what they hope will be a powerhouse of financing treatments to battle many forms of the disease.

Finnish packaging firm Powerflute has extended the deadline on its €400m leveraged buyout by Madison Dearborn to this Friday, as has BMI Healthcare for its £285m refinancing.

Gina Miller, the fund management executive who won the court case to give the UK’s Parliament a say on triggering Article 50, said the government has no grounds for its planned appeal to the Supreme Court. Her side could be joined by Scotland, Wales, Northern Ireland and Gibraltar for the appeal hearing.

Equity block trade business came back to life this week, as sellers hastened to monetise stakes before the US presidential election.

Sirius Minerals completed an $855m equity financing on Wednesday, for the first stage of its plan to build a fertiliser mine in a National Park in North Yorkshire. Priced on Thursday morning, the $400m convertible bond — too risky for many conventional investors — is already trading in the money.

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Despite the damage done to this autumn's IPO season, with a string of deals pulled and several trading badly, there is still a handful of flotations in the market, and ECM bankers believe they have a chance of success, writes Aidan Gregory.